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ASEAN Free Trade Area

Auto industry faces crossroads ahead of ASEAN trade pact

Business

Auto industry faces crossroads ahead of ASEAN trade pact

Vietnam's automotive industry could face major collapse under commitments to the ASEAN Free Trade Area (AFTA) which will abolish auto import taxes in 2018.

ASEAN+ will waive taxes on car imports between ASEAN member countries, as well as Japan, the Republic of Korea and China, who are party to the agreement.

Japan to invest in industries in Vietnam

Business

Japan to invest in industries in Vietnam

The Japanese Government has pledged to invest in six key industrial sectors in Vietnam, including household electricity, food processing, shipbuilding, agricultural machinery, environment and energy saving and the automobile and spare part production industry.

ASEAN, China increase ties in traditional medicine

ASEAN

ASEAN, China increase ties in traditional medicine

More than 400 delegates representing the health and pharmaceutical sector of China and ASEAN member countries attended the 2013 ASEAN-China Summit Forum on Traditional Medicine in Yulin city, China ’s Guangxi province on April 15.

China, ASEAN boost multi-faceted cooperation

ASEAN

China, ASEAN boost multi-faceted cooperation

China and ten ASEAN member countries launched a cooperation plan in science and technology on September 22 in Nanning, the capital of China's Guangxi Zhuang Autonomous Region, on the sidelines of the ninth China-ASEAN Expo.

Deputy PM attends Boao Forum in China

Politics

Deputy PM attends Boao Forum in China

Vietnamese Deputy Prime Minister Hoang Trung Hai joined representatives from ASEAN countries at a discussion on ASEAN free trade area and regional economic integration in the framework of the Boao Forum in Hainan , China , on April 2.

Trade deficit drops, development continues

Business

Trade deficit drops, development continues

The trade deficit continued its down-turn, falling to 8.9 billion USD in the first 11 months of 2011, a year-on-year decrease of 1.7 billion USD, the General Statistics Office (GSO) said.

The GSO said growth in exports had been higher than imports in current months.

In the first 11 months of this year, export turnover was 22.5 billion USD, up 34.7 percent over the same period last year. Meanwhile, imports in the same period rose 26.4 percent, worth 96.07 billion USD.

China-ASEAN expo kicks off

World

China-ASEAN expo kicks off

The eighth China -ASEAN Expo (CAEXPO-2011) themed, “Cooperation in environmental protection” kicked off in the southwestern city of Nanning in Guangxi Zhuang Autonomous Region of China on Oct. 21.

ASEAN-China trade achieves huge growth

World

ASEAN-China trade achieves huge growth

Two-way trade between China and the Association of Southeast Asian Nations (ASEAN) increased enormously in the past two decades, from 7.9 billion USD in 1991 to 229.7 billion USD in 2010.